Ghana targets an economic growth of 8 percent this year, according to the country’s 2013 budget read in Parliament by Finance Minister Seth Terpker.
The 8 percent growth includes the oil sector, the Minister said as he announced macroeconomic targets for 2013.
Mr Terpker told Ghanaian lawmakers that “real overall GDP growth including oil of 8 percent; real non-oil GDP growth of 6.5 percent; average inflation of 8.9 percent; end period inflation of 9 percent and overall budget deficit equivalent to 9 percent of GDP.”
He told the 275-Member Parliament that “based on the policies and strategies to be pursued in the medium term, the economy is projected to grow at no less than 8 percent from 2013 to 2015. On annual basis, it is projected that real GDP will grow at 8 per cent in 2013, 8.7 per cent in 2014 and 8.9 percent in 2015.
The government projects that the country’s economic growth will remain strong as inflation expected to remain in single digit in 2013.
Source :ventures-africa.com
